This guy was a loser at HP, loser on the BOD’s, and now a loser running the whole company. What was the plan here? This guy is an id--t with zero ideas and the negotiation skills of Trump. He will 100% accept a lowball offer for this company after... — read more
Downbeat Morale
Since we were told to expect another round of layoffs in 6-8 weeks time, morale and motivation has collapsed. Don't know which is worse- spending Christmas with family without a job or staying on and watch a clueless leadership sink the company even... — read more
This job market is a nightmare
You can get dozens of interviews and never get hired.
Severance - San Jose
So stressed, that I want to go to my manager and ask to be in next layoff if this is possible. However, it will only make sense if the severance is good. To rest a bit, prep, and go back to the interviews. Could someone share the light on the... — read more
Enrique shlts the bed…..again
My god, can this little troll do anything right? The stock is a yo-yo now and we’re at all time lows. A monkey could run this place better.
California WARN notice
251 permanent layoffs at PayPal’s San Jose headquarters, filed with California employment regulators this week. The WARN notice is advance notice: the 251 San Jose layoffs are scheduled to take effect Oct. 30, 2026, per the filing made this week... — read more
Stack Ranking
Stack ranking is generally considered ineffective and destructive for long-term organizational success, though it remains popular for short-term cost-cutting and forced attrition. Why does PayPal still do this? It cripples your organization. Any... — read more
Warn Act California: 251 positions 10/30/2026
https://edd.ca.gov/en/jobs_and_training/Layoff_Services_WARN/
Oct last week 😬🤫
Brace for impact
Don't worry so much
I was let go roughly six months ago. I thought it would be devastating, but instead, I felt like I could finally breathe again. Now I have a new job that's, if nothing else, ten times less stressful. It turned out okay for me, it will for you as... — read more
The main culprit
As a long standing employee, I pinpointed the exact time and reason why we started going down hill and the main culprit was Dan Schulmann. Rather than using the post Covid high to become a fully fledged online bank competing with likes of JP Morgan... — read more
Told you I saw them…..
A few weeks back I posted about recognizing a few Advent guys in the SJ office (and no they weren’t hanging out in the lobby). My post was taken down because I mentioned names. I don’t think they are done trying to buy us. Time will tell.
Get a deal done!
C’mon Lores….use your little knowledge of the English language to get a deal done to sell this pile of sh-t company. Or fire half the company. Either way I don’t care just doing something useful you waste of space.
paypal cut 600 in india.
https://finance.yahoo.com/markets/stocks/articles/paypal-cuts-around-600-jobs-102023231.html
Stock buybacks
Why aren’t we buying back our stock faster? We have so much cash and all time lows on our stock. We can basically take our company private in a few years at this rate.
Where are the layoffs?
That’s it? Does this mean we’re still in talks with Stripe because my understanding was some actual RIF’s in the thousands were coming.
Anyone above Director let go?
Because all I have seen are Directors and below let go or impacted. But the ones that planned it out seem to still be here. The org chart looks like a broom now instead of a pyramid.
As Usual
It appears as though HR and recruiting is mostly doing their best to protect their function. Make it make sense.
Absolutely Dreadful Situation
Yesterday's email from senior management has convinced me that they have absolutely no clue and are now racing full speed to a crash. There are thousands of people and their families whose livelihoods will be impacted by this. We are now seeing... — read more
More layoffs in 6 weeks?
Reading that layoffs may be taking place in 6 weeks in other threads in GRM. Has anyone else heard this? Any indication of numbers, ORGs or locations?
Severance package
Exactly what was your severance package. Including country, weeks of pay, stock, health insurance. Anything else….
Will the wait ever end?
Do they want us to quit to avoid the stress and anxiety? Is that what's behind all of these delays?
It’s obvious Enrique Lores is clueless
Each passing day reveals how out of touch and clueless the new CEO has become. I dread having to go a year or so under his leadership before the Board realizes another mistake and fires him while he walks away with $10’s of millions of dollars. Was... — read more
Disastrous strategy
I could not believe my eyes when I read the email yesterday from the leadership on new strategy. Dividing our markets into core, light and cross border will further weaken PP against Revolut outside US and Germany. And how long after Germans who... — read more
Enrique & Leadership E-mail
Are they for real? I think they actually believe the bullsh-t they come out with. Redundancies are not even complete and they are telling us about a great Future.....no one cares anymore, not even the once forced to stay. Totally unprofessional
Read the Room
To the select few that are posting here about how great of a company PayPal is, you are on a mf layoff site and there were layoffs yesterday. Take your oddities (loving PayPal in 2026 is a bonafide oddity) to inkedIn or lind. This site is to help... — read more
Severance for US and EU employees?
I think for US employees it is 2 months on payroll + 10weeks of pay + 6 months of insurance. Is that correct?
Health Insurance in case of layoffs
Hi All I am also waiting like many on decision about whether i will stay or be axed which will be decided in the next few weeks. My question is that in case i loose my job, will I be able to maintain my health insurance for the next 6 months post... — read more
Money where my mouth is….
Ok, enough is enough. We have a great company and I’m not sure why investors can’t see this opportunity. Everyone on here talking about low price of stock and I agree, so I bought 200 shares today. I don’t get any stock comp so I have to buy but... — read more
From First to Last
2018 Paypal awarded the Comparably Best Companies for Perks and Benefits. 2022 Ranked #1 by JUST Capital for supporting worker financial wellness and health.. 2026.. what award will PayPal win
Which seletion criteria is going to be used for Irish employees?
164 employees are going to be laid off but many more have been informed that their job is at risk. This means a decision has to be made on who is staying and who is going. Do you have any insights as to which selection criteria is going to be used?
Full on train wreck at PayPal
Enrique Lores has completely lost control of this company and it’s a complete train wreck with lower and lower output from employees. Everyone keeps talking about layoffs leading to sh-t productivity. Each day is worse than the one before.
Why do Europeans get a better severance package?
How's that fair?
Management has ZERO plans
What is our leadership team and board doing? They have the worker communication and execution plan for layoffs. Supposedly there was some buyout attempt that seems to make our company look worse. The communication for future projects is murky and... — read more
CW
We were told no more CW in our team and Ai can help with manual work
No layoffs in Compliance?
Anyone in GFCCP/GI/Compliance affected? It seems a few in Risk and that was all? Seems a little worrisome and hence supports the rumors that there are additional layoffs to waterfall this week. Anyone have news from these departments?
Back to $42 a share?
With the stock price plummeting back to all time lows, will there be additional layoffs to cut expenses?